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Economic Adviser Dr. Salehuddin Ahmed has said extortion has sharply increased in Bangladesh since August 5 of last year, stressing that without political commitment and an elected government, it cannot be controlled. Speaking to reporters at the Ministry of Finance on Tuesday, he explained that where extortion once demanded one unit, it now demands one and a half or even two. He noted that both new and old groups are involved, and many extortionists are also members of business organizations. This illegal practice has been pushing up commodity prices, he warned, though he emphasized that controlling it is not his ministry’s job, nor is the interim government inclined to pursue arrests. However, he expressed hope that inflation would decline to 7 percent by June next year despite these challenges.

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